Charlotte, North Carolina (July 2022) –
Appaloosa Real Estate Partners has received site plan approval from the city of Charlotte for its anticipated 113,500 gross square foot climate control self-storage development. Groundbreaking is expected to occur in September 2022. The development will be a 3-story Class A project at the intersection of Ridge Road and Beard Road in Charlotte and is anticipated to be completed in Q4 2023. Appaloosa successfully rezoned the property in Q1 2022.
“The Highland Creek submarket continues to experience rapid residential growth. We are looking forward to serving the surrounding residents’ self storage needs,” said Josh Wilkes, Partner.
ABOUT APPALOOSA REAL ESTATE PARTNERS
Appaloosa Real Estate Partners is a Charlotte, NC-based commercial real estate investment firm that specializes in the development, acquisition and management of multifamily and self-storage properties throughout the Southeastern U.S. Appaloosa’s mission is to deliver exceptional value for customers in the communities within which it operates while generating superior risk-adjusted returns for investors. Appaloosa’s principals have $40 billion in executed commercial real estate and corporate transaction experience. Investments are capitalized through partnerships with accredited and institutional investors. Learn more at www.appaloosarep.com.